Helsinki, August 9 – CloEE, an AI-powered SaaS specifically designed to enhance the productivity of discrete manufacturing companies of all sizes by an impressive average of 20%, is thrilled to announce the start of its US operations. The launch is backed by strategic partnerships with the veteran of the US market – Royal Engineering International, Inc. (REII), an industrial solutions provider offering cloud-based monitoring, Industry 4.0 compliant assembly solutions, custom manufacturing solutions, and engineering services to manufacturers across North America.
According to the report by McKinsey, the potential economic value of the Internet of Things (IoT) in factory environments could range between $1.4 trillion and $3.3 trillion by 2030. The greatest potential for value creation in these environments lies in optimizing manufacturing operations, which involves efficiently managing various assets and personnel on a day-to-day basis.
CloEE focuses on real-time data collection, reducing emergency stops by up to 95% and improving productivity, reducing reject rates by 2 times and improving equipment efficiency by up to 30%. The CloEE SaaS involves predictive analytics, optimizing operation modes and leading to substantial cost savings on equipment expenses. Drawing on the data collected, CloEE presents the possibilities of generative AI, paving the way for advanced technology management.
Oleksandr Zadorozhnyi, CEO & Co-founder of CloEE, states: “We aim to transform businesses with a one-button solution that enables data-driven decision-making and improves operational efficiency by at least 30%. We have already seen resounding success – for instance, one company in Singapore experienced a revenue increment of nearly $1 million growth within just three months of implementing CloEE. Digital transformation is absolutely critical for manufacturing companies, with 96% of enterprises affirming that IoT played a vital role in maintaining operations during the pandemic crisis. Furthermore, AI integration has the potential to contribute to a 26% increase in global GDP by 2030, making it an essential tool for businesses in the manufacturing industry.”
Michael J. Stovall, President of Royal Engineering International, Inc.:
“We are pleased to become a partner of CloEE, enhancing efficiency for the businesses we work with. Statistics indicate that 70% of businesses fail to achieve a 40% equipment efficiency rate due to inadequate data collection and analysis from their industrial machines. Additionally, 1 out of 3 cases involves manual data collection, leading to unreliable information for strategic enterprise development. Our nearly 500 customers demand solutions that streamline data collection and analysis, promoting the accelerated adoption of artificial intelligence technologies.”
CloEE assists manufacturers in achieving four UN Sustainable Development Goals, promoting reduced CO2 emissions, and creating attractive digital job opportunities for the younger generation. With approximately 10 million businesses worldwide, and North America (United States, Canada, and Mexico) being the largest market, CloEE’s strategic vision is to connect a significant portion of the SMB segment to its powerful SaaS platform.